Entry Level Fast Food Investment

Description

Renewed 6 year lease to 2023 plus option to 2028.
Guaranteed rental growth – fixed 3.5% annual rent increases.
Tenant pays all usual outgoings including Land Tax.
Gateway location opposite busy Bunnings Warehouse with 16,000+ vehicles passing daily.
Modern building with 8 on-site car parks.
Prominent 1,012 sqm corner site.
Geraldton: Major economic hub, Mining, Tourism, Aquaculture & Agriculture including Australia’s largest grain export terminal. By 2036 population growth is forecast to grow more than 35% to 65,000.
Domino’s $3.28 billion ASX listed company with 2,450 stores globally selling 180 million pizza’s in 2017/18.
Net Income: $56,886 pa

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Rob Selid Board of Directors, Commercial Sales & Leasing
0412 198 294
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Geraldton, WA

201 First Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 130

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